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Sensex Today on April 8 LIVE: The Indian stock market benchmark indices Sensex and Nifty 50 gained 4% on Wednesday, April 8, after the US and Iran agreed to a two-week ceasefire deal, leading to a rally in global markets. Meanwhile, a sharp fall in crude oil prices as well as the dollar also aided the sentiment on Dalal Street. Moreover, the RBI Monetary Policy Committee also kept rates unchanged, as expected by the markets.

The ceasefire deal is expected to halt the American-Israeli military attacks in exchange for Tehran reopening the Strait of Hormuz. Pakistan, which brokered the ceasefire deal, says it extends to Israel and Hezbollah fighting in Lebanon.

Sensex soared 2,985 points or 4% to its day's high of 77,601.46, while broader Nifty 50 rallied 890 points or 3.8% to its intra-day high of 24,014.

RBI MPC keeps repo rate unchanged

Following the latest monetary policy, the Reserve Bank of India kept the repo rate unchanged at 5.25%, while maintaining its policy stance at ‘neutral’. The Monetary Policy Committee (MPC) unanimously voted to keep rates unchanged, signalling a continued wait-and-watch approach.

Among other key rates, the Cash Reserve Ratio (CRR) stands at 3%, the Standing Deposit Facility (SDF) rate is at 5.00%, while both the Marginal Standing Facility (MSF) rate and the Bank Rate remain at 5.50%.

The Reserve Bank of India (RBI) has projected India’s GDP growth at 6.9% for FY27, indicating a steady economic expansion through the year. Meanwhile, for FY27, the RBI projected CPI inflation at 4.6%.

Asian Markets Today

Asian stock markets surged on Wednesday morning after news of a two-week ceasefire between the United States and Iran boosted investor sentiment. Oil prices plunged sharply following the easing of military tensions in the Middle East and expectations around the reopening of the Strait of Hormuz.

Japan’s Nikkei 225 led the rally, jumping 5.28%, or 2,822.44 points, while South Korea’s KOSPI advanced 5.61%, or 308.11 points.

Other major regional indices also traded firmly in the green. The Hang Seng gained 3.04%, or 763.47 points, while the Taiwan Weighted Index rose 3.72%, or 1,234.69 points.

The ceasefire news also sparked a sharp sell-off in the energy market. Brent Crude tumbled 13.04% to $95.02 per barrel at 7:24 am IST, while US Crude Oil fell 13.76% to $97.41 during the same period.

Meanwhile, gold prices moved higher, with the precious metal rising 100.45 points, or 2.13%.

Stay tuned to this segment for live updates on the Indian stock market today.

In the realty sector, Aditya Birla Realty surged 9% while Lodha jumped 8%. Prestige, Phoenix, Sobha, Godrej Properties, DLF, Oberoi Realty, Anant Raj and Brigade Enterprises also added 5-8% today.

"For the real estate sector, this continuity in interest rates plays a crucial role in sustaining momentum. Stable borrowing costs help preserve affordability for homebuyers while also enabling developers to plan with greater confidence. In an environment where sentiment can be easily influenced by macroeconomic signals, the absence of rate volatility acts as a reassuring factor for the market. With financing costs remaining steady, prospective buyers are better positioned to evaluate and commit to long-term investments such as homeownership.

Overall, the RBI’s decision supports a balanced environment for the real estate sector, helping maintain demand traction and providing the confidence needed for continued market activity in the near term," said Shishir Baijal, International Partner, Chairman & Managing Director, Knight Frank India.

While the auto sector rose 7%, its constituents also rallied. Ashok Leyland soared almost 13%, followed by Motherson Sumi and Tata Motors PV, up 9% each. Meanwhile, Uno Minda, M&M, Bosch, Maruti, TVS Motor, Eicher Motors, Bharat Forge, TI India, Exide Industries, and Hero Moto rose between 5-7.5% each.

VK Vijayakumar, Chief Investment Strategist, Geojit Investments said: "Nifty will cruise towards 24000 and further movements will depend on the evolving outlook. In brief, it is risk on again.

Beaten down financials have the potential to stage a dramatic recovery. Crude-related stocks like refineries, aviation, capital goods companies with exposure to the Gulf region, paints and adhesives will be on strong wicket."

Nifty Financial Services index added 5.6% today. Shriram Finance was the top gainer in the index, up 11% followed by Chola Finance, rising 9%. Meanwhile, Max Finance, Bajaj Finance, Bajaj Finserv, Muthoot Finance advanced over 7% each. SBI Cards, Jio Financial, SBI Life, and REC were also up between 3.5-5% each.

Shares of Larsen and Toubro (L&T) advanced over 8% on BSE to ₹4,024.9 per share following the positive developments around the Middle East war. US President Donald Trump has said he has suspended Iran attacks for two weeks, pausing a five-week conflict that closed a crucial waterway for global energy supply and sent equity prices reeling.

Last month, L&T had said that it derives more than 35% of its revenue from the Middle East region. Following the US and Israel’s strikes on Iran and subsequent retaliatory actions, it had flagged logistics and supply chain disruptions as key challenges, warning of potential revenue risks if the situation persists.

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday, April 8, said that headline inflation remained below its target, with CPI inflation coming in at 2.7% in January and 3.2% in February. However, the central bank also cautioned that upside risks to inflation have increased, largely due to the ongoing West Asian crisis.

For FY27, the RBI projected CPI inflation at 4.6%. On a quarterly basis, it expects inflation at 4% in Q1, 4.4% in Q2, 5.2% in Q3, and 4.7% in Q4.

All Nifty Bank constituents are in the green, led by Union Bank, AU Small Finance Bank, IndusInd Bank, and more.

Following the latest monetary policy, the Reserve Bank of India kept the repo rate unchanged at 5.25%, while maintaining its policy stance at ‘neutral’. The Monetary Policy Committee (MPC) unanimously voted to keep rates unchanged, signalling a continued wait-and-watch approach.

Among other key rates, the Cash Reserve Ratio (CRR) stands at 3%, the Standing Deposit Facility (SDF) rate is at 5.00%, while both the Marginal Standing Facility (MSF) rate and the Bank Rate remain at 5.50%.

The Reserve Bank of India (RBI) has projected India’s GDP growth at 6.9% for FY27, indicating a steady economic expansion through the year. On a quarterly basis, the central bank expects growth to come in at 6.8% in Q1FY27, followed by 6.7% in Q2FY27. Growth is then seen improving to 7% in Q3FY27 and further accelerating to 7.2% in Q4FY27, suggesting stronger momentum in the second half of the fiscal year.

Sensex, Nifty remained around 3.5% higher at around 10:10 am after the RBI Governor Sanjay Malhotra announced that the Monetary Policy Committee has decided to keep repo rate unchanged at 5.25%, as widely expected by the markets.

Real GDP growth for FY26 is projected at 7.6%, said RBI Governor.

The RBI Governor Sanjay Malhotra-led Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.25% and maintained the policy stance as ‘Neutral’.

Shares of InterGlobe Aviation, which operates budget carrier IndiGo, rose 11% in the morning trade on Wednesday, April 8, boosted by a sharp decline in crude oil prices today following the announcement of a two-week ceasefire in the US-Iran war.

Shares of oil marketing companies (OMCs) surged on easing crude prices, with Indian Oil Corporation Ltd (IOC) rising 8.2%, Hindustan Petroleum Corporation Ltd (HPCL) gaining 9%, and Bharat Petroleum Corporation Ltd (BPCL) advancing 8.8%. The rally comes after Brent crude prices plunged over 13% following reports of a two-week ceasefire between the US and Iran.

Declining crude prices provide significant advantages for downstream refiners, as they greatly lower raw material expenses and enhance gross refining margins (GRMs). The steep decline in oil prices has also alleviated worries about inflation and marketing losses, lifting sentiment for OMC stocks.

Crude oil prices on Multi Commodity Exchange (MCX) crashed as much as 9% to ₹9,709 per barrel on Wednesday, tracking a decline in global oil prices, after the US and Iran reached a two-week ceasefire deal, which is expected to pause the American-Israeli military offensive in return for Iran reopening the Strait of Hormuz.

On the international front, Brent crude tumbled by as much as 16% before stabilising near $95 per barrel, while West Texas Intermediate recorded its steepest fall in nearly six years, trading around $96.

The rupee rose by 36 paise to open at 92.64 per dollar on Wednesday, April 8, in anticipation of the central bank's policy announcement, supported by falling oil prices and a surge in Asian currencies following a two-week ceasefire in the Middle East.

Brent crude futures for June dropped nearly 14% to $94.10 per barrel, US stocks jumped over 2%, while South Korean and Japanese markets increased by 6% and 5%, respectively.

A two-week ceasefire with Iran, brokered by US President Donald Trump on Tuesday, April 7, strengthened risk assets, boosted Asian currencies, and contributed to the decline in oil prices.

Nifty Bank and Nifty Financial Services surged around 4.5%, while Nifty Auto and Nifty Realty rallied over 5% each ahead of RBI Policy meet later today.

On Sensex, IndiGo was the top gainer, surging 10%, followed by L&T and Bajaj Finance, while Tech Mahindra was the only stock in the red

Broader markets were also in line with benchmark indices, with the Nifty Midcap 100 rallying 3.4% and the Nifty Small-cap 100 up 3.2%.

Sensex opened 2674.05 points or 3.58% higher at 77,290.63 while broader Nifty 50 started the day 731.50 points or 3.2% higher at 23,855.15.

Silver and Gold prices surged on Wednesday, April 8, riding a broad rally in precious metals after the United States and Iran agreed to a two-week ceasefire to push forward negotiations aimed at ending a conflict that had rattled global markets. Meanwhile, the white metal was also reacting to a sharp fall in the U.S. dollar, which made dollar-priced metals more attractive.

Silver rate on MCX jumps 6% or over ₹13,000 to ₹2,44,770 per kg while MCX Gold price adds 2.4% or over ₹3600 to ₹1,53,944 per 10 grams.

Meanwhile, in the international markets, Spot silver rose 4.9% to $76.48 per ounce, making it one of the strongest movers in the metals pack. Gold also moved sharply higher. Spot gold climbed 2.3% to $4,812.49 per ounce by 0215 GMT, after rising more than 3% earlier in the session to hit its highest level since March 19. Meanwhile, U.S. gold futures for June delivery advanced 3.4% to $4,841.60.

The Indian stock market jumps 5% in pre-open deals on Wednesday, April 8, after the US and Iran agreed to a two-week ceasefire deal, leading to a rally in global markets. Sensex is likely to open over 4000 points higher, Nifty above 24,000

Oil plunged below $100 a barrel after the US and Iran agreed to a two-week ceasefire that’s expected to halt the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz.

Brent fell as much as 16% before trading near $95 a barrel, while West Texas Intermediate slumped the most in almost six years and was last at around $96. US President Donald Trump said the ceasefire is subject to Iran reopening the Strait of Hormuz, and will allow an agreement “to be finalized and consummated.”

Iran accepted Pakistan’s ceasefire proposal, and added that safe passage through the strait will be possible via coordination with the nation’s armed forces for two weeks, Foreign Minister Abbas Araghchi said in a statement. Israel has also agreed to the pause in fighting, according to a White House official. (Bloomberg)

Round-up of South Korean financial markets:

** South Korean shares climbed nearly 6% on Wednesday as Washington and Tehran agreed to a two-week Middle East ceasefire, sparking a relief rally. The won strengthened, while the benchmark bond yield fell.

** The benchmark KOSPI was up 327.82 points, or 5.97%, at 5,822.60, as of 0239 GMT.

** Among index heavyweights, South Korean chipmaker Samsung Electronics rose 6.87%, extending gains after flagging an eightfold increase in its quarterly profit. Peer SK Hynix gained 9.61%. Battery maker LG Energy Solution slid 0.86%.

** Hyundai Motor and sister automaker Kia Corp were up 7.19% and 4.64%, respectively. Steelmaker POSCO Holdings added 3.18%, while drugmaker Samsung BioLogics rose 1.01%. (Reuters)

Nifty 50 index formed a bullish candlestick pattern with a higher high and a higher low for the second session in a row, signaling continuation of the pullback from the oversold territory.

“A long bull candle was formed on the daily chart with lower shadow. Technically, this market action indicates an attempt of decisive breakout of a crucial hurdle around 23,000 levels. This is a positive indication and the sharp bounce back of the last three sessions signal formation of a crucial bottom reversal pattern in Nifty 50 at the recent low of 22,182,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the underlying trend of Nifty 50 continues to be positive, and the next upside levels to be watched are around 23,500 - 23,600. Immediate support is placed at 22,900.

Sensex continues to exhibit a gradual strengthening with formation of higher highs and higher lows on lower time frames, indicating continuation of the short-term recovery trend.

“Key technical levels suggest that support for Sensex is placed in the 74,000 – 74,200 zone, which is likely to act as a demand area on declines, while resistance is seen around 75,000 – 75,350, where upside may face supply and profit-booking pressure,” said Hitesh Tailor, Technical Research Analyst at Choice Equity Broking.

The Monetary Policy Committee’s bi-monthly meeting for this month is being held from April 6 to April 8, 2026. The policy decision will be announced at 10:00 a.m. on Wednesday, April 8, followed by a press conference by Governor Sanjay Malhotra at noon.The RBI MPC statement by Governor Sanjay Malhotra will be broadcast live on the RBI’s YouTube channel at 10:00 AM on April 8, 2026. Viewers can tune in on the same platform to watch his address to the media.

The Reserve Bank of India (RBI) is set to announce its first bi-monthly monetary policy for FY27 today. The RBI Governor Sanjay Malhotra-headed Monetary Policy Committee (MPC) is widely expected to keep the repo rate unchanged at 5.25%, and maintain policy stance at ‘Neutral’.

Bitcoin prices rose to a three-week high after the US-Iran ceasefire deal led to a surge in risk assets. The largest cryptocurrency, Bitcoin prices spiked as much as 4.9% to $72,738, its highest level since March 18, and was trading just below $72,000. Ether prices rose as much as 7.4% to $2,273.

The US and Iran agreed to a two-week ceasefire deal, which is expected to halt the American-Israeli military attacks in exchange for Tehran reopening the Strait of Hormuz. Pakistan, which brokered the ceasefire deal, says it extends to Israel and Hezbollah fighting in Lebanon.

Crude oil prices crashed after the US and Iran agreed to a two-week ceasefire deal, with a temporary reopening of the Strait of Hormuz. Brent crude oil price slipped 13.86% to $94.13 a barrel, while the US West Texas Intermediate (WTI) crude futures plunged 15.02% to $95.99 a barrel.

US stock futures jumped following the announcement of a ceasefire agreement between the US and Iran. The Dow Jones Industrial Average futures rallied by 718 points, or 1.5%, while the S&P 500 futures gained 1.6%. Nasdaq 100 futures surged 1.7%.

Asian markets rallied after the US-Iran ceasefire deal. Japan’s Nikkei 225 surged 4.5%, while the Topix rallied 3.2%. South Korea’s Kospi jumped 5.3%, and the Kosdaq gained 3.4%. Hong Kong’s Hang Seng Index futures indicated a higher opening.

The US and Iran agreed to a two-week ceasefire deal, which is expected to halt the American-Israeli military attacks in exchange for Tehran reopening the Strait of Hormuz. Pakistan, which brokered the ceasefire deal, says it extends to Israel and Hezbollah fighting in Lebanon.

The trends on Gift Nifty also signal a gap-up start for the benchmark indices, Nifty 50 and Sensex today. Gift Nifty was trading around 23,801 level, a premium of nearly 650 points from the Nifty futures’ previous close.

The Indian stock market is expected to open higher on Wednesday, April 8, after the US and Iran agreed to a two-week ceasefire deal, leading to a rally in global markets. Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience.

Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism.

Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends.

An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.

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